One Response to “how do i start my own car finance company in the uk?”

PS I assume you have a few million to loose (sorry, I mean invest 🙂 ) ?

Lets face it – a car loan is secured against the value of the car, and cars drop in value by up to 1/3rd as soon as they are driven off the dealers forecourt .. and (right now) the value of brand new overstocked cars sitting on the forecourts (and in fields all over UK) is dropping like a stone ..

.. and with people loosing their jobs left right & center, which loan do you think they default on first ? (home or car ??)